Gold treads water as second wave fears cut risk appetite
Bullion needs policy shift from US Federal Reserve or governments to bounce higher, analyst says
15 June 2020 - 07:31
Bengaluru — Gold prices were little changed on Monday after posting their best week since early April as fears of a second wave of coronavirus infections in Beijing cut investors’ appetite for riskier assets.
Spot gold was steady at $1,729.40 per ounce as of 5.16am. US gold futures eased 0.1% to $1,734.90. The metal climbed 2.6% last week, posting its biggest weekly gain since April 10...
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